Deutsche says Australia is still a top choice globally for commercial properties... Housing affordability improves over June quarter...
Australia still top of the list for commercial property: Deutsche
Following the sealing of a $73.5 million deal to buy a Sydney office tower from Blackstone's 151 Property Group, Deutsche Asset Management says Australia is still a top choice globally for commercial properties, according to the Australian Financial Review.
"Australia is an important part of the real estate business for us," Rahul Ghai, Deutsche's head of acquisitions for Asia Pacific, real estate, said.
"From a research perspective we rate Australia as globally one of the top picks. The reasons for this are it is a transparent market, we believe in the growth story and we have delivered very good results for our investors here."
The AFR reported Deutsche has $400 million of assets in Australia and and recently settled the sale of its building at 140 Sussex Street in the CBD to the Bank of China Global Investors.
Housing affordability improves over June quarter
The latest REIA Housing Affordability Report showed that the proportion of median family income required to meet average loan repayments has dropped to 29.4% over the June quarter – the best level since June 2009.
“Most states and territories saw improvements in housing affordability,” said Neville Sanders, president of the Real Estate Institute of Australia.
He noted that this could have been the result of favourable interest rates and modest income rises.
Victoria recorded the greatest improvement among all the states, with the proportion of income needed to meet average monthly loan repayments dropping by 1.7% to 31%. Only the Australian Capital Territory saw a decline this quarter, while both New South Wales and Queensland recorded no change.
(Your Investment Property)
Following the sealing of a $73.5 million deal to buy a Sydney office tower from Blackstone's 151 Property Group, Deutsche Asset Management says Australia is still a top choice globally for commercial properties, according to the Australian Financial Review.
"Australia is an important part of the real estate business for us," Rahul Ghai, Deutsche's head of acquisitions for Asia Pacific, real estate, said.
"From a research perspective we rate Australia as globally one of the top picks. The reasons for this are it is a transparent market, we believe in the growth story and we have delivered very good results for our investors here."
The AFR reported Deutsche has $400 million of assets in Australia and and recently settled the sale of its building at 140 Sussex Street in the CBD to the Bank of China Global Investors.
Housing affordability improves over June quarter
The latest REIA Housing Affordability Report showed that the proportion of median family income required to meet average loan repayments has dropped to 29.4% over the June quarter – the best level since June 2009.
“Most states and territories saw improvements in housing affordability,” said Neville Sanders, president of the Real Estate Institute of Australia.
He noted that this could have been the result of favourable interest rates and modest income rises.
Victoria recorded the greatest improvement among all the states, with the proportion of income needed to meet average monthly loan repayments dropping by 1.7% to 31%. Only the Australian Capital Territory saw a decline this quarter, while both New South Wales and Queensland recorded no change.
(Your Investment Property)
